What comes as a predicted move after the cancellation of licenses Bahrain Telecom (Batelco) has decided to sell off its entire stake from STEL.

Batelco had 43% stake in STEL and this move makes first foreign operator to exit India.

As per DNAIndia the agreed time frame for completion of the sale is the end of October, 2012.

STel hold its licences in Bihar, Orissa, Himachal Pradesh Assam, North-East and in Jammu and Kashmir and the company is estimated to have a subscriber base of over 3.6 million and also have the rights to offer 3G services.

Even as reported earlier S Tel’s mobile network is still down in various part of company and still the restoration work is yet to be completed.

The happy guy RDB (stands for Rudradeep Biswas) has been writing for Telecomtalk since 2009, covering mobile operators, 3G, broadband, WiFi, 4G, LTE, telecom policies and what-not related to Indian telecom. He is by profession a doctor, did his MBBS from R.G.Kar Medical College, Kolkata.

anubhav11 :
batelco has sold its shares to its indian partner of stel, i.e.sky city foundations pvt ltd…

The deal between Batelco and Sky City Foundations Private Ltd. was signed at the time Batelco entered India and they just exercised their option of exit. The 45% stake is sold at the same cost it was bought in 2008-09. There are very low chances of Batelco entering India again. It’s good that foreign companies are exiting. I don’t even want Uninor to stay but looking at their operations, they will somehow float. They (Uninor) are ready to bid for licenses again.

I think that uninor will never stop its services one more thing is that Uninor is the reason to make the calls cheaper . Request the indian government to take the positive action on the operators which will not affect the indian economy again.

Amit :
Following message is being displayed on Stel.in website… lol
“This message is being issued in the light of the recent judgement from the Supreme Court on 2G licenses. We are ascertaining next steps in consultation with our advisors. Meanwhile, as our most valued subscribers, we would also like to inform that if you may so deem fit, you may opt for exercising the mobile number portability option available with you and our customer care service shall render all necessary support in this regard. For any queries that you may have, please feel free to mail us”

“This message is being issued in the light of the recent judgement from the Supreme Court on 2G licenses. We are ascertaining next steps in consultation with our advisors. Meanwhile, as our most valued subscribers, we would also like to inform that if you may so deem fit, you may opt for exercising the mobile number portability option available with you and our customer care service shall render all necessary support in this regard. For any queries that you may have, please feel free to mail us”

stel network has been totally shut down in himachal pradesh from yesterday……most imp. is that stel has wasted 3g license in hp…….. its 3g license should be auctioned as soon as possible (hope vodafone buy its 3g license)